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701 Martin Luther King Jr Ave Clearwater, FL 33755-4210

OFF-MARKET Manufacturing properties Google Maps
6,528 SF 0.54 ac lot Built 1951
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$505k
Range $455k – $556k (±10%)
Property ID US18-3634238

Property summary

AI-generated overview

This exceptional Clearwater industrial property, located at 701 N Martin Luther King Jr Avenue, presents a rare investment opportunity. Boasting a substantial 8,662 square feet of building space under roof, this property sits on a 0.54-acre lot and offers significant outdoor storage capacity. Its strategic location near the Seminole Boat Ramp makes it ideally suited for businesses supporting Clearwater Beach boat excursions, such as repair, supply, or charter operations. The property's zoning permits light manufacturing, providing versatility for a range of potential uses. The existing building includes warehouse space, storefront area, and ample storage, offering a flexible layout adaptable to various business needs. This property is being offered for both sale and lease, presenting a unique opportunity for buyers and tenants alike. The combination of size, location, zoning flexibility, and the potential for both sale and lease makes this a highly desirable asset in a competitive market. Serious inquiries are encouraged to explore this exceptional opportunity further. Don't miss out on this rare chance to acquire a prime industrial property in a thriving coastal location. Contact us today to schedule a showing and discuss the possibilities.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1951
Construction CONCRETE BLOCKS
Total area 6,528 SF
Lot 0.54 ac (23,483 SF)
APN 10-29-15-33300-000-0050
UPID US18-3634238

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$653k
Blend (final) Blend
$505k

Owner & transaction history

since 2025
Last sale
$1.1M
5 recorded transactions
2025
$1.1M
2019
$395,000
2015
Price N/A
2014
Price N/A
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.4M +26.0%
Warehouse, storage $1.3M +23.5%
Apartment house (5+ units) $1.3M +21.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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